Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wrote that Ellison, who cooperated extensively with federal prosecutors, was instrumental…
Nishad Singh’s lawyers claim he is an “uncommonly selfless individual” They believe he should receive a lighter sentence because of his limited role in FTX’s collapse The former head of engineering at FTX has asked a judge to spare him a prison sentence, according to lawyers representing him. According to Bloomberg, Nishad Singh’s lawyers filed…
October 15, 2024 at 01:30 PM GST updated: October 15, 2024 at 01:19 PM 2 mins read News FTX redeems $28M in SOL tokens, continuing monthly transfers vital to its $16.5B repayment plan. Court approves FTX’s $16.5B plan, with 98% of creditors set to receive cash repayments in 2024-2025. Former Alameda CEO Caroline Ellison and…
Bankrupt crypto exchange FTX announced that Caroline Ellison, former CEO of Alameda Research, has agreed to transfer nearly all of her remaining assets to the company as part of a settlement. In an Oct. 7 court filing, FTX’s bankruptcy estate disclosed that Ellison will hand over most of what she still owns, following her forfeitures…
FTX to repay 98% of its users around 119% of their claim value Distributions will be made to creditors across more than 200 jurisdictions FTX collapsed in November 2022 amid allegations of fraud and customer fund mismanagement A US judge has approved FTX’s bankruptcy plan to use billions of dollars in recovered assets to repay…
A federal judge in New York has sentenced Caroline Ellison, ex-girlfriend of Sam Bankman-Fried to two years in prison for her role in the FTX $8 billion fraud case. Judge Lewis Kaplan said that despite the sentencing, Ellison behaved much differently than her ex-boyfriend did throughout the proceedings, saying she provided “very, very substantial” cooperation….
On Tuesday, Sept. 24, 2024, Caroline Ellison, the former CEO of Alameda Research, was sentenced to 24 months in prison after admitting to her involvement in several crimes. The courtroom banned cameras, video, and phone recordings during the sentencing. Even though the judge commended her in court, saying, “I’ve seen a lot of cooperators in…
Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance of responsibility for her actions. Caroline Ellison’s Lawyers Push for No Jail Time in FTX Fraud Case In…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Attorneys representing Caroline Ellison, the former co-CEO of Alameda Research, have asked a federal court to forego a jail sentence for her role in the collapse of FTX. According to a sentencing memorandum filed on Tuesday, Ellison’s legal team argues that time served, along with supervised release, is a…
Caroline Ellison, former co-CEO of Alameda Research, has requested no jail time for her role in the FTX collapse, according to a Sept. 10 court filing. Her legal team argued that her sentence should be limited to time served, followed by supervised release, because of her extensive cooperation with the authorities during Sam Bankman-Fried’s trial….